MAWEEKLY · 19 de enero de 2026

Week 3 (2026) in M&A and Private Equity 🛰️🇪🇸

Transactions of the Week (January 12 - 18)

Hi, I’m Fran Hidalgo-Barquero, Partner at Albia IMAP. This is a weekly newsletter covering M&A and Private Equity transactions in Spain. Contact: Email, LinkedIn.

• Talde Private Equity has acquired a majority stake in Fluytec, a leader in advanced water filtration systems, to support its growth. Fluytec, with production centers in Spain and Portugal, exports 90% of its products globally. The managing partners will remain involved in the company. This marks Talde’s seventh investment from its Talde Capital Crecimiento II fund, which focuses on high-growth potential companies.1

• Alerce Group (Oakley Capital) has acquired Plus 42, a Galician company specializing in FTL management software, enhancing its leadership in the logistics software market. This acquisition, part of a strategic plan to create the largest Spanish logistics software group, marks Alerce’s fifth acquisition since Oakley Capital’s investment in 2023. Plus 42 has seen over 30% annual growth and its GESRUTA solution is now a key offering for medium and small transport companies, allowing Alerce to expand its portfolio and support clients more effectively in the FTL segment. 2

• Audensiel (Sagard, CAPZA), a French consulting and tech services group, has acquired a 75% stake in the Spanish tech consultancy Kairós. Kairós, founded in 2014 and specializing in digital transformation and business agility, generated approximately €50 million in revenue in 2025. The company plans a 20% organic growth for 2026, aiming for €75 million in revenue by the end of its strategic plan. Carlos Moure, Kairós’s founder, retains a 25% stake to ensure project continuity. 3

• Magnum Capital has acquired a majority stake in Aeronáutica de Gestión (AG), a Spanish company specializing in aircraft maintenance and cleaning services. This marks the first investment from Magnum’s fourth private equity fund, targeting €475 million. Founded in 1997, AG aims to expand internationally in both executive and commercial aviation sectors, enhancing service offerings and developing new business lines. The deal was advised by A&O Shearman for Magnum and Andersen for the sellers. 4

• Ardian has signed an agreement to acquire a minority stake in IVB Wellness Lab, a Spanish dietary supplements brand. This partnership aims to enhance IVB’s expansion in Spain and Europe, support product innovation, and leverage Ardian’s expertise in scaling health businesses. Founded in 2021, IVB focuses on science-backed supplements and has rapidly grown, reaching around 2,000 pharmacies. 5

• Grupo MAS and Maskom supermarkets have merged to create a leading food distribution group in southern Spain, integrating 54 stores and 950 professionals. The new entity aims for nearly 900 million euros in combined revenue and focuses on local products and quality service. The partnership emphasizes job creation, local suppliers, and a sustainable supply chain, with plans for significant expansion, particularly in Málaga, enhancing the regional economy and community impact. 6

• Movertis and Localizador Sherlog have merged to form Movilia, supported by Seaya as a financial partner. This new group aims to provide fleet management solutions tailored to varying digital maturity levels. Pablo Mazón will serve as CEO, while Localizador Sherlog’s leadership will remain intact. With around 100,000 vehicles managed and estimated annual revenues of €10 million, Movilia is positioned for significant growth, leveraging the technological strengths of Movertis while maintaining the identity of both brands. 7

• Istobal has opened a new subsidiary in Norway after acquiring local distributor Holta & Håland Bilvaskutstyr AS. This expansion reinforces its international activity, which accounts for 70% of its sales. With 17 international subsidiaries and five manufacturing plants, Istobal is a leading car wash solutions manufacturer in Europe. The new branch will employ 43 staff members, half of whom will be service technicians, combining local expertise with Istobal’s global resources for long-term growth in the Nordic region. 8

• Ferrovial has agreed to sell its industrial engineering subsidiary Siemsa to Serveo, part of a strategic move to disengage from service-oriented businesses and focus on construction and infrastructure. Serveo aims to enhance its industrial services capabilities with this acquisition, involving maintenance and control systems from Siemsa. Ferrovial retains Siemsa’s transmission and distribution business to complement its existing operations. This sale continues Ferrovial’s trend of divesting non-strategic assets, including previous sales in Chile and other service divisions. 9

• DIMOTRANS Group (Credit Mutuel Equity, BNP Paribas Developpement) has acquired 78% of MOLDTRANS Group, a leading Spanish logistics provider, enhancing its revenue to nearly one billion euros. This strategic move expands DIMOTRANS’ European presence and operational capacity, with over 3,000 employees across 100 locations. MOLDTRANS brings expertise in Overland, Overseas, and contract logistics, further strengthening DIMOTRANS’ supply chain capabilities.10

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